PNB personal loan interest rate and EMI calculator
A bank loan of up to ₹20 lakh (24 times gross monthly salary) for confirmed employees whose salary comes through PNB, with a third-party guarantor, from 10.50% a year with a 1% processing fee and no prepayment charge.
- 10.5% to 17.05% a year
- Up to ₹20 lakh
- Up to 6 years
We don't arrange PNB loans. These figures are from PNB's own pages, for comparison; apply on PNB's own website or branch.
Rates and charges
- Interest rate
- 10.5% to 17.05% a year
- Other published rates
- Rates are linked to the bank's repo-linked lending rate (8.35% from 8 October 2026) and depend on your employer, whether your salary comes through PNB, and your CIBIL score. Floating rates run from 10.50% (defence and paramilitary staff with a PNB salary account) to 16.05%; fixed rates are 1% higher, up to 17.05%. Government employees with a PNB salary account pay 10.85% to 13.35% floating; corporate and other employees with a PNB salary account, and government employees without one, pay 11.85% to 15.35% floating (rates read on 21 October 2026).
- Processing fee
- 1% of the loan + GST, plus a documentation charge of ₹270 (loans up to ₹2 lakh) or ₹450 (above ₹2 lakh) + GST; no documentation charge for defence personnel
- Loan amount
- Up to ₹20 lakh
- Tenure
- Up to 6 years
- Closing early
- Nil
- Part-prepayment
- Nil
- Who can apply
- Salaried
- Minimum income
- Not published
- Age
- Not published
PNB personal loan EMI calculator
Prefilled with PNB's lowest published rate and its highest published processing fee (1%). Change any number to match your offer.
Your loan
- Monthly EMI
- ₹16,251
- Total interest
- ₹85,044
- Processing fee + 18% GST
- ₹5,900
- Total cost of the loan
- ₹90,944
- Effective annual cost
- 11.32%
- Money in hand
- ₹4,94,100
- You pay back in 3 yr
- ₹5,90,944
Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.
Same loan, different tenures
| Tenure | EMI | Total interest | Total cost (incl. fee + GST) | Effective annual cost |
|---|---|---|---|---|
| 12 months | ₹44,074 | ₹28,892 | ₹34,792 | 12.75% |
| 24 months | ₹23,188 | ₹56,512 | ₹62,412 | 11.69% |
| 36 months (yours) | ₹16,251 | ₹85,044 | ₹90,944 | 11.32% |
| 48 months | ₹12,802 | ₹1,14,481 | ₹1,20,381 | 11.13% |
| 60 months | ₹10,747 | ₹1,44,817 | ₹1,50,717 | 11.02% |
A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.
Lenders you can apply to through us
The lowest published starting rates among the lenders we compare. We may earn a commission from these.
- IDFC FIRST BankFrom 9.99% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
- Poonawalla FincorpFrom 9.99% a year · ₹1 lakh to ₹50 lakhApply nowVia our referral partner. We may earn a commission.
- InCred10% to 36% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
- KreditBee12% to 27.5% a year · ₹3,000 to ₹10 lakhApply nowVia our referral partner. We may earn a commission.
Not sure which lender will approve you? See offers matched to your profile
Check your loan offersVia our referral partner. It uses your PAN, credit score and income to suggest lenders likely to approve you. Approval isn't guaranteed. We may earn a commission. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.
Questions people ask
What is the PNB personal loan interest rate?
PNB publishes 10.5% to 17.05% a year. Rates are linked to the bank's repo-linked lending rate (8.35% from 8 October 2026) and depend on your employer, whether your salary comes through PNB, and your CIBIL score. Floating rates run from 10.50% (defence and paramilitary staff with a PNB salary account) to 16.05%; fixed rates are 1% higher, up to 17.05%. Government employees with a PNB salary account pay 10.85% to 13.35% floating; corporate and other employees with a PNB salary account, and government employees without one, pay 11.85% to 15.35% floating (rates read on 21 October 2026). The rate you're offered depends on your credit score, income and employer.
What is the EMI on a ₹5 lakh PNB personal loan?
At PNB's lowest published rate of 10.5%, about ₹16,251 a month over 36 months; at 17.05%, about ₹17,839. Use the calculator above for your own amount and tenure.
What is PNB's personal loan processing fee?
1% of the loan + GST, plus a documentation charge of ₹270 (loans up to ₹2 lakh) or ₹450 (above ₹2 lakh) + GST; no documentation charge for defence personnel. GST at 18% is added to the fee.
Can I close a PNB personal loan early?
Closing early: Nil. Part-prepayment: Nil.
Can I apply for a PNB personal loan through CreditParakh?
No. We don't arrange PNB loans; apply on PNB's own website, app or branch. If you'd like offers from several lenders at once, our partner's matching page suggests lenders based on your profile.
Related
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- Big banks' personal loan ratesSBI, HDFC, ICICI and others side by side
- Processing fees and foreclosure chargesEvery lender's charges in rupees
Last verified 21 Oct 2026 on each issuer's official page. Rates and fees change; check the lender's terms before you apply.
Source (PNB's own page, not linked because we don't arrange its loans): https://pnb.bank.in/Retail-Advances-interst-rate-on-advances-linked-to-mclr.html. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.